Race and Gender Wealth Equity and the Role of Employee Share Ownership
Even before the COVID-19 pandemic, in an allegedly strong economy, workers at the bottom of the opportunity scale were struggling to support themselves and their families – let alone build wealth. Divisions in wealth between men and women, and between white households and households of color, are particularly striking consequences of structural discrimination and occupational segregation. The pandemic has exacerbated and heightened awareness of these inequities, and there is a mounting sense of urgency to find practical solutions. Broadening opportunities to participate in business ownership can help address this wealth divide and offer working people the opportunity to meaningfully participate in the success of the economy. In addition, employee share ownership can help strengthen job quality and worker agency while contributing to business performance, so that businesses and workers succeed together.